DOT Sells Two More Ships for Recycling

Friday, July 10, 2009

The U.S. Department of Transportation’s Maritime Administration has sold two ships for recycling to Esco Ltd. of Brownsville, Texas for a total of $171,452.

Resolute, a partial container/breakbulk ship built in 1980, brought a purchase price of $90,726. Resolute is currently moored at the James River Reserve Fleet site in Newport News, Va. Gulf Farmer, a breakbulk cargo ship built in 1964, brought a purchase price of $80,726.  Gulf Farmer is at the Beaumont Reserve Fleet site in Texas. 

Both ships, which are to leave their respective fleet sites within 30 days, are to be recycled, which is the most common method of ship disposal used by the Maritime Administration. When a ship is recycled the recycler often salvages and sells metal and other materials.  Because the worldwide market for such materials fluctuates rapidly and often, the Maritime Administration finds the best bargain for the taxpayer by offering the ships for sale first, and if there are no buyers, paying for their disposal.

The Maritime Administration stores ships at three National Defense Reserve Fleet sites: the James River site, the Beaumont Reserve Fleet in Texas, and the Suisun Bay Reserve Fleet in California. 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Salvage

Ship Recycling Experts Gather in Tokyo

Top ship recycling experts from around the globe gathered in Tokyo on December 10 at the ClassNK Ship Recycling Seminar to discuss the latest updates to the EU

NZ Report: Human Error to Blame for Rena Grounding

New Zealand's Transport Accident Investigation Commission (TAIC) published its final report into the grounding of containership Rena in October 2011. The TAIC’s

Workboats: Communications is Key Operational Tech

As we close out yet another year, I am constantly amazed at how much things change on the waterfront and the boats that ply the adjacent waters. Similarly, I like

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1635 sec (6 req/sec)